HOW EFFECTIVE TRAINING CAN REDUCE EMPLOYEE TURNOVER

Hiring a loyal employee, who embodies company culture and values working for your brand, can feel like an unattainable goal. However, a good work environment and consistent effective training can help ensure employees stay and grow with your company, long term.

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Additionally, here are a few ways you can invest in your employees and reduce turnover rates.

Retreats & Conferences:

Promoting, and sponsoring employee attendance to industry specific conferences is a great way to invest in the knowledge base of your staff. Because of opportunities, local or national, these can help fill the information gaps and promote relationship building among staff.

Round Table Discussions:

Instead of maintaining a top-down management stance, try listening and requesting feedback from employees. Conduct regular discussions where every department is represented and presents fresh ideas on how to improve the company. Consequently, during discussions, take the initiative to openly share company happenings, guidelines, policies, and procedures with employees.

Web-oriented Training:

Especially relevant in this digital changing world, is that fact that many employees do not have time for offsite training. You can ensure constant employee development, and subsequent retention, by offering online and web based opportunities. These can be sourced from third parties or through company portals. Offer incentives to encourage employee participation and completion.

Employee Mentorship and management programs:

According to Inc.com, if you want employees to stay with your company long-term step up to the plate and become a coach. Build satisfaction among your staff by creating mentorship and management programs. Bolstering such opportunities allows employees to build authentic relationships and learn, via a hands-on approach, more about the organization.

As a result, if your company keeps the above tips in mind, you will help drastically reduce turnover and create a coveted organization. Most importantly, the loss in turn over will greatly strengthen your organization’s bottom line.